Graybill Bartz & Assoc Ltd. Invests $3.21 Million in Halliburton Company (HAL)
Graybill Bartz & Assoc Ltd. purchased a new stake in shares of Halliburton Company (NYSE:HAL) during the 4th quarter, HoldingsChannel reports. The firm purchased 65,765 shares of the oilfield services company’s stock, valued at approximately $3,214,000. Halliburton makes up 2.3% of Graybill Bartz & Assoc Ltd.’s portfolio, making the stock its 19th largest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Halliburton by 2.2% during the second quarter. Vanguard Group Inc. now owns 59,770,447 shares of the oilfield services company’s stock valued at $2,552,795,000 after buying an additional 1,267,141 shares during the period. BlackRock Inc. increased its position in shares of Halliburton by 7.6% during the second quarter. BlackRock Inc. now owns 55,790,373 shares of the oilfield services company’s stock valued at $2,382,809,000 after buying an additional 3,955,245 shares during the period. Capital World Investors increased its position in shares of Halliburton by 0.7% during the second quarter. Capital World Investors now owns 47,713,255 shares of the oilfield services company’s stock valued at $2,037,833,000 after buying an additional 320,362 shares during the period. Ameriprise Financial Inc. increased its position in shares of Halliburton by 9.1% during the third quarter. Ameriprise Financial Inc. now owns 17,051,088 shares of the oilfield services company’s stock valued at $784,822,000 after buying an additional 1,427,985 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of Halliburton by 2.5% during the third quarter. Macquarie Group Ltd. now owns 15,931,445 shares of the oilfield services company’s stock valued at $733,325,000 after buying an additional 384,565 shares during the period. Hedge funds and other institutional investors own 79.88% of the company’s stock.
Shares of Halliburton Company (NYSE HAL) traded down $1.01 on Tuesday, reaching $52.13. The company’s stock had a trading volume of 10,130,000 shares, compared to its average volume of 8,880,000. The stock has a market capitalization of $45,490.00, a price-to-earnings ratio of 217.21, a P/E/G ratio of 3.07 and a beta of 1.03. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.67 and a current ratio of 2.20. Halliburton Company has a 1-year low of $38.18 and a 1-year high of $58.78.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, December 7th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Wednesday, December 6th. Halliburton’s dividend payout ratio is currently 300.00%.
In other Halliburton news, Chairman David J. Lesar sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $43.70, for a total value of $2,185,000.00. Following the completion of the sale, the chairman now owns 490,143 shares in the company, valued at $21,419,249.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lawrence J. Pope sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $41.35, for a total value of $376,285.00. Following the completion of the sale, the executive vice president now owns 180,646 shares of the company’s stock, valued at approximately $7,469,712.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,612 shares of company stock valued at $6,556,433. 0.47% of the stock is owned by insiders.
HAL has been the subject of several recent analyst reports. Citigroup cut their price objective on Halliburton from $54.00 to $52.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Scotiabank reissued a “buy” rating and set a $52.00 price objective on shares of Halliburton in a report on Wednesday, October 25th. Loop Capital reissued a “buy” rating and set a $57.00 price objective (down previously from $62.00) on shares of Halliburton in a report on Tuesday, October 24th. Deutsche Bank initiated coverage on Halliburton in a report on Tuesday, October 10th. They set a “buy” rating and a $54.00 price objective for the company. Finally, FBR & Co cut their price objective on Halliburton from $61.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Halliburton presently has an average rating of “Buy” and a consensus price target of $57.21.
Halliburton Company Profile
Halliburton Company provides services and products to the upstream oil and natural gas industry throughout the lifecycle of the reservoir, from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field.
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